FOT 0.00% 34.0¢ fortunis resources limited

Ann: Prospectus, page-11

  1. 7,600 Posts.
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    Congrats on the heart nihilism....Well overdue.
    The cap rise seems to be secured & the acquisition will proceed.
    I am concerned that The Russian is floating his business cheaply ( 10m shares at 25c , excluding performance scrip)
    That is $2.5m for a business generating over $1m/month in a red hot sector & he is offering the shell twice as much.....Smells of desperation.
    I reckon the catch is that growth will plateau or profit margins will remain squeezed.
 
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